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Sovereign Wealth Funds Briefing - Categorized | Financials, Reserve Currencies

Norway to buy forex for wealth fund in May

Posted on 02 May 2011

Norway’s central bank said it will buy foreign currency for the country’s sovereign wealth fund at a rate of about 300 million Norwegian crowns ($57.05 million) per day in May.
The central bank manages Norway’s $570 billion Government Pension Fund Global, which invests surplus oil wealth to save for a future when the oil and gas run out……………………………………….Full Article: Source


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